https://www.philly.com/business/phillydeals/sungard-bankruptcy-wayne-private-equity-debt-hedge-fund-20190502.html
4 replies (most recent on top)
Wake up, last quarter results were based on a 20 - 25% reduction in an already reduced target. Don't forget the name of the game now is to trump up the value of anything that can be sold. The article pretty much says that the value of the assets is so low that the street has already discounted the future prospects of the business.
But wait, according to Stern, this last quarter was great! LOL, yeah we're up sh--ts creek.
The article says it all anybody that believes SunGardas is on its way back is a total id--t jackass, mo--n. they have done nothing but lie to us from the very beginning and they will continue.... they take us for id--ts only one person on this site seems to be blindfolded or is just planting information. Jackass.
...Sungard Availability revenues fell to $977 million last year from $1.2 billion in 2016, and profits totaled $203 million last year, not counting financial costs, according to the company’s chief restructuring officer, Eric Koza. “Negative net cash flow from 2016 to 2018 was $80 million,” Koza said in a report to the bankruptcy court...